Chipmaker Sckipio Agrees to Transfer Employees to Sequans Communications
Sckipio develops chips for modems and broadband applications and has recently run into trouble, as major clients halted their orders
Meir Orbach | 13:46 08.01.2020
Israel-based chip company Sckipio Corp. has agreed to transfer 25 of its local software developers to New York-listed Sequans Communications SA, Sckipio CEO David Baum said in a Wednesday interview with Calcalist. Baum did not disclose the financial terms of the deal. A handful of the company’s employees will remain with the Sckipio alongside its management team to continue developing its technology, Baum said.